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# Solutions for Chapter 1.4: APPLICATIONS OF FUNCTIONS TO ECONOMICS ## Full solutions for Applied Calculus | 5th Edition

ISBN: 9781118174920 Solutions for Chapter 1.4: APPLICATIONS OF FUNCTIONS TO ECONOMICS

Solutions for Chapter 1.4
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##### ISBN: 9781118174920

Applied Calculus was written by Patricia and is associated to the ISBN: 9781118174920. Since 44 problems in chapter 1.4: APPLICATIONS OF FUNCTIONS TO ECONOMICS have been answered, more than 13494 students have viewed full step-by-step solutions from this chapter. This expansive textbook survival guide covers the following chapters and their solutions. This textbook survival guide was created for the textbook: Applied Calculus, edition: 5. Chapter 1.4: APPLICATIONS OF FUNCTIONS TO ECONOMICS includes 44 full step-by-step solutions.

Key Calculus Terms and definitions covered in this textbook
• Characteristic polynomial of a square matrix A

det(xIn - A), where A is an n x n matrix

• First octant

The points (x, y, z) in space with x > 0 y > 0, and z > 0.

• Graph of an equation in x and y

The set of all points in the coordinate plane corresponding to the pairs x, y that are solutions of the equation.

• Graphical model

A visible representation of a numerical or algebraic model.

• Imaginary unit

The complex number.

• Length of a vector

See Magnitude of a vector.

• Local maximum

A value ƒ(c) is a local maximum of ƒ if there is an open interval I containing c such that ƒ(x) < ƒ(c) for all values of x in I

• Minute

Angle measure equal to 1/60 of a degree.

• n-set

A set of n objects.

• Positive linear correlation

See Linear correlation.

• Random behavior

Behavior that is determined only by the laws of probability.

• Random numbers

Numbers that can be used by researchers to simulate randomness in scientific studies (they are usually obtained from lengthy tables of decimal digits that have been generated by verifiably random natural phenomena).

• Range (in statistics)

The difference between the greatest and least values in a data set.

• Right circular cone

The surface created when a line is rotated about a second line that intersects but is not perpendicular to the first line.

• Secant line of ƒ

A line joining two points of the graph of ƒ.

• Statistic

A number that measures a quantitative variable for a sample from a population.

• Union of two sets A and B

The set of all elements that belong to A or B or both.

• Upper bound test for real zeros

A test for finding an upper bound for the real zeros of a polynomial.

• Vertical component

See Component form of a vector.

• Vertical stretch or shrink

See Stretch, Shrink.

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